Voya Financial, Inc. (NYSE:VOYA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,993 shares of the asset manager's stock after selling 4,117 shares during the period. California State Teachers Retirement System owned about 0.10% of Voya Financial worth $6,332,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the last quarter. Quarry LP acquired a new position in Voya Financial during the fourth quarter worth approximately $37,000. R Squared Ltd acquired a new position in Voya Financial during the fourth quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC increased its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Down 1.3%

Shares of VOYA stock traded down $0.84 on Wednesday, hitting $66.11. The stock had a trading volume of 675,408 shares, compared to its average volume of 875,301. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.48 and a beta of 0.95. The stock's 50 day moving average is $62.60 and its 200-day moving average is $68.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. As a group, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.72%. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director now directly owns 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VOYA. UBS Group dropped their price target on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Barclays set a $70.00 price target on shares of Voya Financial in a research report on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $81.92.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.